00:00:00: Bitcoin back in bull run mode, Ethereum following Bitcoins lead and why Circle as a stock might be the stable coin play.

00:00:10: That and more on the crypto talk at this week.

00:00:24: This show is brought to you by SwissQuote.

00:00:28: In this week's episode, we will focus mostly on Bitcoin Ethereum and of course Solana but we'll have a look at the circle stock as well.

00:00:42: And of course We have to talk about the fact that the bitcoin bull run is back in play.

00:00:47: twenty five percent over The last week we have gained literally after I finished recording And we have returned eighty thousand US dollars after a hundred day hiatus.

00:01:05: So it looks like the Bitcoin bull run is back in play.

00:01:09: about two on twenty million U.S.

00:01:11: dollars of short liquidations have happened in the last couple hours and A lot people are looking at August performance, which in bull run territory.

00:01:30: However, some people are still saying this might actually be a bear market relief rally and we have to kind of observe how the Bitcoin price We'll behave over the last week, as well.

00:01:45: Over the next few weeks and only then can we see whether Bitcoin will be able to actually sustain that level of strength now usually when we peak above eighty two eighty-two thousand US dollars?

00:01:59: We want to see some stability there.

00:02:01: And kind of what happened in The Last Week was essentially one big chart a one big candle up towards eighty thousand pretty much from sixty three.

00:02:12: So a lot of people are still very, very euphoric But we have to be a bit careful here again, because it could U.S.

00:02:46: dollars for one Bitcoin, even in twenty-twenty six maybe at the beginning of.

00:02:53: So right now we're in this interesting area where a lot of people are saying, well the four year cycle is perfectly in play.

00:02:59: We've just bottomed at around sixty K let's say and Now The Bitcoin price is jumping back up together Of course with the clarity act.

00:03:09: when all these kind of positive catalysts that will see And others are saying no This Is Just A Bear Market Relief Rally We Will See Lower Prices Fairly Soon!

00:03:22: an excellent move up here from the Bitcoin chart on The Daily.

00:03:27: Here kind of two huge candles, then a third one as well... Kind Now, I would expect this on the weekly to slowly but surely grind up for us.

00:03:47: To kind of test is also and see some stability here.

00:03:50: This exactly what we want to see.

00:03:52: whether We will be able to kind of sustain this eighty one seven line?

00:04:01: I would say yes, we are back in bull market territory until then.

00:04:06: We are technically still in bear market territory?

00:04:09: I know everyone is euphoric but at the same time we have to be realistic about this.

00:04:14: now if you jump into the Ethereum chart pretty much exactly The same thing jumped out of this range and Then kind of the first stone we've defined which is sitting around two thousand two hundred retested it jumped To the second zone we define Which Is Around Two Thousand Four Hundred And essentially, we are currently sitting at exactly the zone.

00:04:36: We have defined Now, of course this as well needs to show some stability here.

00:04:41: But already Ethereum is showing some strength in my opinion and if this holds up on the weekly I do expect us actually go way higher And next stop off course we have kind of a big zone over around three thousand US dollars So ideally will see kinda small retest then jump towards three thousand U.S.

00:05:00: Dollars.

00:05:01: Kind of most surprising Actually i am the most happy about Is ofcourse Solan.

00:05:06: I've always talked about three-digit Solana coming back, and it finally has come back here after kind of dipping into a second zone here.

00:05:16: And then kind of coming back from the dead now even jumping higher above US dollars.

00:05:24: Now one thing we have to discuss.

00:05:26: if you are not focused just on crypto You also have discussed stablecoins as well.

00:05:33: towards stablecoins We don't really have any exposure.

00:05:35: obviously by definition a stablecoin is staying stable.

00:05:39: However, Bernstein researches actually saying one hundred forty US dollars for a circle stock is an actual reality because they are seeing about two billion us dollars in just seven days have entered the USDC supply.

00:05:55: And if we look at the stock here, this is exactly the zone they have defined around a hundred forty US dollars.

00:06:01: Here would be an excellent target If you think about it which would be just shy of doubling and money.

00:06:08: however pre markets already bit down so let's see how does kind of behaves whether actually will see this kind of parabolic rise towards one hundred forty or weather.

00:06:19: We Will See Kind Of Sideways Move Here Then The Jump Here Then there's another sideways and then the jump here, which is actually much more realistic.

00:06:29: However again general consensus seems to be that market has bottomed.

00:06:36: we're looking at a very positive August but also Q-Q-Q for going forward.

00:06:44: so exciting stuff.

00:06:46: make sure you subscribe not miss any other crypto news I will see.

00:06:49: on next one

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